United Parcel Service, Inc. (NYSE:UPS) Shares Purchased by Nexus Investment Management ULC

Nexus Investment Management ULC lifted its holdings in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 3.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 210,600 shares of the transportation company's stock after buying an additional 7,545 shares during the period. United Parcel Service makes up approximately 2.7% of Nexus Investment Management ULC's holdings, making the stock its 20th largest position. Nexus Investment Management ULC's holdings in United Parcel Service were worth $26,557,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Cigna Investments Inc. New lifted its position in United Parcel Service by 1.0% in the third quarter. Cigna Investments Inc. New now owns 7,508 shares of the transportation company's stock valued at $1,024,000 after purchasing an additional 75 shares during the period. Banco Santander S.A. lifted its holdings in shares of United Parcel Service by 0.6% in the 3rd quarter. Banco Santander S.A. now owns 12,596 shares of the transportation company's stock valued at $1,717,000 after buying an additional 79 shares during the period. Gleason Group Inc. boosted its stake in shares of United Parcel Service by 1.2% in the third quarter. Gleason Group Inc. now owns 6,576 shares of the transportation company's stock valued at $897,000 after buying an additional 80 shares in the last quarter. Tradewinds LLC. grew its holdings in United Parcel Service by 1.8% during the third quarter. Tradewinds LLC. now owns 4,487 shares of the transportation company's stock worth $612,000 after acquiring an additional 81 shares during the period. Finally, OLD Second National Bank of Aurora lifted its holdings in United Parcel Service by 1.2% in the third quarter. OLD Second National Bank of Aurora now owns 7,177 shares of the transportation company's stock valued at $979,000 after acquiring an additional 83 shares during the period. 60.26% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, insider Norman M. Brothers, Jr. sold 7,325 shares of United Parcel Service stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $138.57, for a total transaction of $1,015,025.25. Following the sale, the insider now owns 45,098 shares of the company's stock, valued at approximately $6,249,229.86. The trade was a 13.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.13% of the company's stock.

United Parcel Service Stock Down 0.1 %

Shares of UPS stock traded down $0.17 during mid-day trading on Friday, reaching $129.77. 4,260,034 shares of the company were exchanged, compared to its average volume of 3,680,905. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.14 and a current ratio of 1.14. The business's 50 day simple moving average is $128.95 and its 200 day simple moving average is $130.90. The company has a market capitalization of $110.74 billion, a P/E ratio of 19.60, a P/E/G ratio of 1.73 and a beta of 1.00. United Parcel Service, Inc. has a fifty-two week low of $121.56 and a fifty-two week high of $161.35.

United Parcel Service (NYSE:UPS - Get Free Report) last issued its quarterly earnings results on Thursday, October 24th. The transportation company reported $1.76 earnings per share for the quarter, beating analysts' consensus estimates of $1.63 by $0.13. United Parcel Service had a return on equity of 37.38% and a net margin of 6.25%. The business had revenue of $22.20 billion during the quarter, compared to the consensus estimate of $22.10 billion. During the same period in the previous year, the business earned $1.57 EPS. The business's quarterly revenue was up 5.4% on a year-over-year basis. Research analysts predict that United Parcel Service, Inc. will post 7.49 earnings per share for the current year.

United Parcel Service Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Monday, November 18th were issued a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a dividend yield of 5.02%. The ex-dividend date was Monday, November 18th. United Parcel Service's dividend payout ratio (DPR) is presently 98.49%.

Wall Street Analyst Weigh In

Several brokerages recently commented on UPS. Citigroup reduced their price objective on shares of United Parcel Service from $163.00 to $158.00 and set a "buy" rating for the company in a research note on Tuesday, November 12th. The Goldman Sachs Group lowered their price target on United Parcel Service from $165.00 to $162.00 and set a "buy" rating on the stock in a report on Wednesday, October 9th. StockNews.com raised United Parcel Service from a "hold" rating to a "buy" rating in a report on Wednesday, November 6th. UBS Group upped their target price on United Parcel Service from $159.00 to $170.00 and gave the company a "buy" rating in a report on Friday, October 25th. Finally, BMO Capital Markets upgraded shares of United Parcel Service from a "market perform" rating to an "outperform" rating and decreased their price objective for the stock from $155.00 to $150.00 in a research report on Tuesday, December 10th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $151.10.

About United Parcel Service

United Parcel Service, Inc, a package delivery company, provides transportation and delivery, distribution, contract logistics, ocean freight, airfreight, customs brokerage, and insurance services. It operates through two segments, U.S. Domestic Package and International Package. The U.S. Domestic Package segment offers time-definite delivery of express letters, documents, small packages, and palletized freight through air and ground services in the United States.